Overview
- The agreement covers conforming prototypes and production aircraft after Eve purchased, tested, and validated Beta’s motors on its engineering prototype.
- The potential 10‑year value is up to $1 billion, with Beta expecting revenue from both motor sales and servicing as Eve industrializes its eVTOL program.
- Beta’s motors will provide cruise propulsion in Eve’s lift‑plus‑cruise design, with Nidec supplying lifter motors and BAE, Garmin, Honeywell, and Intergalactic providing other key systems.
- Beta shares rose about 8% following the announcement as Goldman Sachs initiated coverage with a Buy rating and named the company its top pick in eVTOL.
- Context includes Beta’s recent IPO raising over $1 billion, GE Aerospace’s $300 million investment, more than 50 charging sites deployed, and Eve’s first conforming‑prototype flight targeted for late 2025 or early 2026 with certification still to come.